Monday, June 17, 2013

Foreclosure Sales in West Down in May

Foreclosure Sales in West Down in May
Likely to Increase in June: Foreclosure sales decreased in all five Western states tracked by PropertyRadar —Arizona, California, Nevada, Oregon, and Washington—over the month of May.

The greatest decline took place in Oregon, where foreclosure sales fell 47.8 percent over the month. Nevada followed with a 38.7 percent decline, and then Arizona, California, and Washington fell in line with declines of 24.5 percent, 23.1 percent, and 14 percent, respectively. Are Mortgage Rates Too Low To Threaten the Recovery?

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